IHA/UISS Regional Energy Initiative – Informational Session
UISS has partnered with Zenith Energy on a regional energy initiative designed to drive savings, achieving lower energy rates through an aggregated purchase of natural gas and electricity supply.
Energy is a financial market that responds to larger spend volumes by offering lower supplier margins, better contract terms and the ability to obtain lower cost-layered pricing at wholesale.
Healthcare energy buyers can leverage their combined size in the market by acting together. UISS and Zenith Energy are exploring an unprecedented opportunity for members to join the aggregated group whose goal is to leverage the purchasing power of their energy spend.
Members can participate with no risk and no cost. Participating members’ energy usage will be combined and brought to market in a price bidding competition with the goal of driving pricing for all. Pricing will be based on each Members’ unique start dates and load shape, but with the understanding that the commodity suppliers must bid their best prices to win participation from the group. This approach will drive down supplier margins and get pricing closer to wholesale. Each Member would receive a report of the outcomes specific to their organization and would then decide on the course of action (contract or decline)